Iowa-based aviation equipment supplier, Rockwell Collins has announced the completion of the acquisition of ARINC Inc, also confirming that two subsidiaries have been sold and that the Annapolis employees will not be immediately affected.
The ARINC Industry Standards Organization has been sold to SAE International and plans to divest ARINC’s Aerospace Systems Engineering and Support, based in Oklahoma City are underway. Both sales and integrations are expected to take six to nine months to complete. For the foreseeable future, Rockwell Collins has no plans to close the Annapolis Headquarters or relocate any staff.
Similarly, the 300-strong workforce in Oklahoma City will see business as usual for the time being.
Rockwell Collins announced its intention to buy ARINC in August this year for $1.39 billion and expect revenues of more than $600 million within the next quarter.